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2014-11-28

France, Italy and Belgium three more months to implement deficit-and-debt cutting measures or face fines.

The EU commission on Friday (28 November) is set to give France, Italy and Belgium three more months to implement deficit-and-debt cutting measures or face fines.

It is the first time the commission splits its verdict on national budgets into two parts: acknowledging that France, Italy and Belgium are in breach of the deficit-and-debt rules (Stability and Growth Pact), but delaying a decision on the consequences until March.

Apart from those three countries, Spain, Portugal, Malta and Austria are also at risk of breaching the EU rules.

http://euobserver.com/economic/126700


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